USDC, Southern District of New York; MDL Proceeding
CPM represents more than a dozen California cities, counties, and public entities, including East Bay Municipal Utilities District, San Diego Association of Governments, San Diego County, San Mateo County, City of Richmond, and the UC Regents against major financial institutions including Bank of America, Citigroup, JPMorgan, and Deutsche Bank, alleging they manipulated the global benchmark interest rate known as the London Interbank Offered Rate (LIBOR). CPM’s individual cases are consolidated with dozens of nationwide class actions in New York.
